My personal favorite: "Junker was reimbursed for a June 22, 2008, charge of $2,285.96 for Nike golf equipment... Junker was playing gof in a Nike tournament and so the Executive Committee thought it would be a 'great idea' for Junker to have all Nike equipment to play with – 'Just trying to keep our sponsor happy.'"

The bowl is also paying former Big 12 commissioner and University of Oklahoma Athletic Director Donnie Duncan $4,000 a month for "consulting fees," as well as "scholarship money" to Duncan's grandchildren.

The coup de grâce: The bowl reimbursed nearly $50,000 in employee political contributions.

(Throughout the report, Fiesta committee members claim to have no knowledge of the extra benefits provided or why they would have been provided to anyone on staff.)

Of course, the people who make that decision are the same people who were wined and dined by the Fiesta staff at their numerous events throughout the year, most notably at the $1.2 million Fiesta Frolic held each summer. Almost every head coach and athletic director in D-I football attends each year.

You have to think however that Cotton Bowl executives are ecstatic about this news, as they have been quietly bidding for a shot to step up to the big time in their new digs at JerryWorld. Legally, I don't think anything can happen to the Fiesta until the next TV contract negotiations in 2014, but it may have used up all its goodwill with a BCS organization that desperately needs some good news.

No amount of spin can make this look good for the Fiesta, and it could be bad news for the rest of the BCS bowls, too. You can bet that if some antsy politicians in Pasadena, Calif., or New Orleans or Miami want to make a name for themselves, there will be a few more investigations just like this one.